Show more
China mulls tariff response to US hike – ING
China mulls tariff response to US hike – ING
Markets are watching closely as China weighs a response to the latest US tariff hike. With limited trade impact, the focus shifts to potential currency movements and consumer strain, ING’s FX analyst Chris Turner notes.
Technical Analysis
China
USDCNH
Banks
AUD/USD seems to have enough momentum to test 0.6195 – UOB Group
AUD/USD seems to have enough momentum to test 0.6195 – UOB Group
Sharp rally in Australian Dollar (AUD) seems to have enough momentum to test 0.6195 before leveling off. In the longer run, for the time being, AUD is expected to trade in a 0.6000/0.6290 range, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
AUDUSD
Dollar pushed lower as markets digest Trump's tariffs pause
Dollar pushed lower as markets digest Trump's tariffs pause
The US-China trade war is escalating in the background though
Bitcoin follows other risk assets higher following Trump's tariffs pause. What's next?
Bitcoin follows other risk assets higher following Trump's tariffs pause. What's next?
Trump's tariffs pause sent risk assets to the moon yesterday, including of course bitcoin. Traders are now questioning if this is just a pullback or a legit change in trend.
Gold price sees US session push Bullion to $3,125
Gold price sees US session push Bullion to $3,125
Gold price (XAU/USD) is printing a stellar return on Thursday, moving around $3,120 at the time of writing. Since Tuesday morning, the precious metal has rallied nearly 5.00%.
TradeWar
UnitedStates
SEO
Gold
Commodities
USD: Damage has been done – ING
USD: Damage has been done – ING
The clean take-away from the pause in the worst of the tariffs was a re-assessment of global trade prospects on the view that perhaps tariffs were more transactional after all, and US equity losses are indeed proving a brake on the President's desires to rewire the global trading systems, ING’s FX a
Technical Analysis
Banks
DollarIndex
German economic institutes cut 2025 GDP forecast even before accounting for latest tariffs
German economic institutes cut 2025 GDP forecast even before accounting for latest tariffs
The new forecasts here do factor in the 25% steel and aluminum forecasts but not the blanket 10% now and the delayed 20% tariffs
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Silver
Metals
Commodities
TTF gas prices drop over 7% – ING
TTF gas prices drop over 7% – ING
European natural gas prices plunged sharply, with TTF falling over 7% amid heavy fund selling. A pause in tariffs may offer a temporary lift, but market positioning remains cautious, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Energy
Gas
Commodities
Banks
USD/CAD holds losses below 1.4100 ahead of US CPI data
USD/CAD holds losses below 1.4100 ahead of US CPI data
USD/CAD loses ground for the second successive day, trading around 1.4090 during the European hours on Thursday. The pair loses ground as the US Dollar (USD) remains subdued ahead of the high-impact Consumer Price Index (CPI) inflation report for March set to be published on Thursday at 12:30 GMT.
USDCAD
Macroeconomics
Commodities
Oil
Canada
GBP/USD: Still trading in a range – UOB Group
GBP/USD: Still trading in a range – UOB Group
Pound Sterling (GBP) is still trading in a range vs US Dollar (USD), expected to be between 1.2750 and 1.2870. In the longer run, GBP could decline further; it is unclear if it can reach the next major support at 1.2580, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
EUR/CHF falls below 0.93 amid market turmoil – ING
EUR/CHF falls below 0.93 amid market turmoil – ING
Elsewhere, the Norwegian krone is having a good rally today, ING’s FX analyst Chris Turner notes.
Technical Analysis
EURCHF
USDCHF
Banks
Oil: Tariff pause provides some relief – ING
Oil: Tariff pause provides some relief – ING
Oil prices rallied along with risk assets yesterday after President Trump paused reciprocal tariffs on most trading partners, at least those that haven’t retaliated yet. This puts tariffs back to the baseline 10%, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Oil
Energy
Brent
Commodities
Banks
Silver Price Forecast: XAG/USD retreats from weekly top, back below $31.00 ahead of US CPI
Silver Price Forecast: XAG/USD retreats from weekly top, back below $31.00 ahead of US CPI
Silver (XAG/USD) struggles to capitalize on its modest intraday uptick and retreats slightly after touching a fresh weekly high, around the $31.30 region during the early European session on Thursday.
Silver
Commodities
Technical Analysis
XAGUSD
CPI
EUR/USD: Further decline is unlikely to reach 1.0850 – UOB Group
EUR/USD: Further decline is unlikely to reach 1.0850 – UOB Group
Sharp decline in Euro (EUR) vs US Dollar (USD) has room to test 1.0895 before stabilisation is likely; any further decline is unlikely to reach 1.0850.
Technical Analysis
EURUSD
Banks
Will China retaliate against Trump's 125% tariffs?
Will China retaliate against Trump's 125% tariffs?
There's some pessimism but we have a couple of clues that point to a potential end to the escalations
market overview
EUR: EUR/USD remains the 'washing machine' – ING
EUR: EUR/USD remains the 'washing machine' – ING
The EUR/USD market is sometimes referred to as a 'washing machine' where global trade and portfolio flows meet and cancel each other out, ING’s FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
China: Impact of escalating trade war on prices and growth – UOB Group
China: Impact of escalating trade war on prices and growth – UOB Group
In March, China’s CPI and PPI were weighed by weak consumer goods and food prices, lower international oil prices and price pressure in the export industries.
Growth
GDP
China
Banks
Crude oil price today: WTI price bearish at European opening
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session.
Oil
WTI
Commodities
NZD/USD rises to near 0.5700 despite dovish comments from Finance Minister Willis
NZD/USD rises to near 0.5700 despite dovish comments from Finance Minister Willis
The NZD/USD pair is trading around 0.5680 in early European hours on Thursday, marking its second consecutive day of gains.
China
TradeWar
NewZealand
NZDUSD
Macroeconomics
Crude oil rallies into a key resistance and backs off. What's next?
Crude oil rallies into a key resistance and backs off. What's next?
Crude oil shot higher following Trump's tariffs pause announcement as global growth fears eased in the short term. Is this just a pullback or the start of an uptrend?
Forex Today: US Dollar struggles to extend rebound after tariff pause, eyes on CPI
Forex Today: US Dollar struggles to extend rebound after tariff pause, eyes on CPI
Here is what you need to know on Thursday, April 10:
Currencies
Majors
Commodities
CryptoCurrencies
Macroeconomics
Strong turnaround in interest rates expectations following Trump's tariffs pause
Strong turnaround in interest rates expectations following Trump's tariffs pause
Traders revised aggressively their rate cuts bets following Trump's change of heart with the market now expecting three rate cuts from the Fed compared to five at the peak of the risk-off sentiment
market overview
US futures creep lower to start the session
US futures creep lower to start the session
S&P 500 futures now down 1% on the day
Stocks
China’s Commerce and Foreign Ministry: Will take further measures to oppose US bullying
China’s Commerce and Foreign Ministry: Will take further measures to oppose US bullying
A joint statement is out from the Chinese Commerce Ministry and Foreign Ministry, noting that they “will take further measures to oppose US bullying.”
China
TradeWar
UnitedStates
AUDUSD
China’s Commerce Ministry says its position on trade is clear and consistent
China’s Commerce Ministry says its position on trade is clear and consistent
China’s Commerce Ministry said in a statement on Thursday that “the position on trade is clear and consistent.”
China
TradeWar
UnitedStates
AUDUSD
China reaffirms to continue taking resolute countermeasures to safeguard its interests
China reaffirms to continue taking resolute countermeasures to safeguard its interests
A coordinated message by the Chinese commerce and foreign ministry
US Dollar Index loses ground below 103.00, US CPI inflation data in focus
US Dollar Index loses ground below 103.00, US CPI inflation data in focus
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory for the third consecutive day near 102.70, down 0.28% on the day.
TradeWar
Macroeconomics
DollarIndex
What is the distribution of forecasts for the US CPI?
What is the distribution of forecasts for the US CPI?
Knowing the range of expectations is important, but the distribution of forecasts is another key input in the market's reaction
market overview
AUD/JPY hovers around 91.00, eyes on renewed Australia-EU trade negotiations
AUD/JPY hovers around 91.00, eyes on renewed Australia-EU trade negotiations
The AUD/JPY pair recovered its daily losses and is trading above the 91.00 mark during Thursday’s Asian session. The Australian Dollar (AUD) is finding support amid optimism over renewed trade negotiations between Australia and the European Union (EU).
Crosses
Eurozone
AUDJPY
Japan
Macroeconomics
EC President von der Leyen: EU remains committed to constructive talks with US on tariffs
EC President von der Leyen: EU remains committed to constructive talks with US on tariffs
European Commission President Ursula von der Leyen said on Thursday, noting that “the European Union (EU) remains committed to constructive talks with US on tariffs.”
EURUSD
TradeWar
Eurozone
UnitedStates
What are the main events for today?
What are the main events for today?
We have the US CPI and the US Jobless Claims on the data front but the attention has now switched to China after Trump hiked tariffs to 125% yesterday. Will they retaliate again?
market overview
USD/CHF softens below 0.8550 as traders brace for US CPI release
USD/CHF softens below 0.8550 as traders brace for US CPI release
The USD/CHF pair loses ground to near 0.8530 during the early European session on Thursday. The US Dollar (USD) weakens against the Swiss Franc (CHF) amid the escalating trade tension between the US and China, the world’s two largest economies. 
USDCHF
Macroeconomics
Majors
ECB’s Villeroy: Trump's tariff pause decision is less bad news
ECB’s Villeroy: Trump's tariff pause decision is less bad news
European Central Bank (ECB) policymaker and  Bank of France head Francois Villeroy de Galhau said on Thursday that US President Donald “Trump's tariff pause decision is less bad news but still bad news elements out there in America.”
ECB
CentralBanks
InterestRate
EURUSD
TradeWar
Eurostoxx futures +7.8% in early European trading
Eurostoxx futures +7.8% in early European trading
Some catching up to do with the blistering gains in Wall Street overnight
Stocks